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India's Malhotra Cables to build $10 mln manufacturing plant in Macedonia

India's Malhotra Cables to build $10 mln manufacturing plant in Macedonia Author: PAN ANT. Licence: Creative Commons.

SKOPJE (Macedonia), December 8 (SeeNews) - India-based cable manufacturer for the automotive industry Malhotra Cables plans to build $10 milllion (9.3 million euro) manufacturing plant in Macedonia's capital Skopje, former Macedonian prime minister Nikola Gruevski said on Thursday.

The new plant - the company's first in Europe - will spread on an area of ​​4,000 sq m, Gruevski said in a Facebook post.

Construction works should be completed by the end of next year, he added.

Malhotra Cables' investment in Macedonia will open 100 new jobs.

Conservative VMRO-DPMNE party led by Gruevski is expected to win Macedonia's early parliamentary elections on December 11, according to recent polls.

($=0.9265 euro)


 

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